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TechThe Next Web · 56d ago

The EU can now inspect AI models, block market access, and fine providers 3% of turnover. The grace period is over.

The European Commission gained enforcement powers to inspect general-purpose AI models, restrict market access, and impose fines up to 3% of global annual turnover starting August 2. Providers must now submit models for evaluation before EU release, with penalties reaching €15 million or the larger percentage figure.

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